Dollar General Corp. (NYSE:DG) EVP Robert D. Ravener sold 11,368 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $92.81, for a total transaction of $1,055,064.08. Following the completion of the transaction, the executive vice president now owns 22,598 shares of the company’s stock, valued at approximately $2,097,320.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Dollar General Corp. (NYSE:DG) opened at $90.79 on Friday. Dollar General Corp. has a 12 month low of $65.97 and a 12 month high of $96.60. The stock has a market cap of $24,886.09, a PE ratio of 19.92, a price-to-earnings-growth ratio of 1.81 and a beta of 0.96. The company has a current ratio of 1.41, a quick ratio of 0.19 and a debt-to-equity ratio of 0.47.
Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, December 7th. The company reported $0.93 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.01). Dollar General had a return on equity of 22.58% and a net margin of 5.31%. The firm had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same period in the prior year, the business earned $0.89 earnings per share. Dollar General’s revenue for the quarter was up 11.0% on a year-over-year basis. sell-side analysts predict that Dollar General Corp. will post 4.48 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be paid a dividend of $0.26 per share. The ex-dividend date is Monday, January 8th. This represents a $1.04 annualized dividend and a dividend yield of 1.15%. Dollar General’s dividend payout ratio is currently 23.01%.
Several institutional investors have recently added to or reduced their stakes in DG. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Dollar General by 168.0% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,218,589 shares of the company’s stock worth $1,314,516,000 after purchasing an additional 10,167,321 shares during the last quarter. Longview Partners Guernsey LTD boosted its position in shares of Dollar General by 41.3% in the third quarter. Longview Partners Guernsey LTD now owns 11,321,660 shares of the company’s stock worth $917,621,000 after acquiring an additional 3,310,168 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Dollar General by 115.4% in the second quarter. Ameriprise Financial Inc. now owns 3,573,530 shares of the company’s stock worth $257,611,000 after acquiring an additional 1,914,303 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Dollar General by 1,959.3% in the second quarter. Janus Henderson Group PLC now owns 1,705,909 shares of the company’s stock worth $122,980,000 after acquiring an additional 1,623,070 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Dollar General by 363.7% in the second quarter. Parametric Portfolio Associates LLC now owns 1,968,047 shares of the company’s stock worth $141,877,000 after acquiring an additional 1,543,619 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors.
DG has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Dollar General from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a report on Monday, August 28th. BidaskClub upgraded shares of Dollar General from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Bank of America restated a “buy” rating and set a $90.00 target price on shares of Dollar General in a report on Friday, August 25th. Citigroup raised their target price on shares of Dollar General from $87.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, September 13th. Finally, Royal Bank of Canada restated a “buy” rating and set a $85.00 target price on shares of Dollar General in a report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company. Dollar General has a consensus rating of “Hold” and an average target price of $85.54.
About Dollar General
Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.
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